MSCC Definition

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MSCC is Material Supply Chain Cost.

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INCOMPETENCE is lack of physical or intellectual ability or qualifications.

RESTATEMENT OF FINANCIALS are sometimes required by the IRS when the IRS, through audit, determines that IRS rules were not followed; either lawfully or fraudulently. Such restatements usually have a negative effect on the financial results of the audited entity for the periods in question.

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